SEBON gives Approval for IPO issues to 5 companies. SEBON gives its final permission for the initial public offerings of these five hydropower enterprises. The IPO proposal of five hydropower companies are below: –
- Super Madi Hydropower Ltd,
- Super Mai Hydropower Ltd,
- Asian Hydropower Limited,
- Shuvam Power Ltd,
- Maya Khola Hydropower Co. Ltd is authorize by the Nepal Securities Exchange Board (SEBON).
Super Madi Hydropower Ltd.
SEBON gives Approval for IPO issues to 5 companies: Super Madi Hydropower Ltd. would issue 31.5 lakh shares in its first public offering (IPO) at a nominal value of Rs. 100 each. Locals impacted by the project will first get 3,150,000 unit shares, or 15% of the total units, before the general public. A total of 1.785 crore unit shares, or 85% of the corporation, are owned by the promoters. Sanima Capital Ltd is the IPO issue manager of this company. The promoter-public share ratio would be 85:15 following the IPO, and the total capital will rise to Rs 2.10 Arba.
Super Madi Hydropower Limited is a public limited company, establish on January 16, 2009. In Nepal’s Kaski district, the business is building the 44 MW run-of-river Super Madi Hydropower Project (SMHP). The project is expected to make use of the head and flow that Madi Khola has to offer (river). The BOOT (Build, Own, Operate, and Transfer) system is used in the project’s construction.
Super Mai Hydropower Ltd.
Super Mai Hydropower Limited plans to offer 10 lakh units of shares at a par value of Rs. 100 each in order to generate Rs 10 crores in the capital. After this IPO, the promoter/public ratio will be 80:20. The corporation will first distribute 10% of the shares, or 5 lakh units, to residents of the project’s impacted region, and then it will distribute the same proportion and quantity to the general public. Sanima Capital is the IPO issue manager of this company.
Sanima Capital is the IPO issue manager of this company. Following this initial public offering, the company’s total paid-up capital can reach Rs 50 crore.
Asian Hydropower Limited
SEBON gives Approval for IPO issues to 5 companies: Asian Hydropower Limited could offer 11.80 lakhs IPO shares at a par value of Rs. 100, totaling Rs. 11.80 crores. In the project-affected region, the business will first distribute 10% shares, or 3.40 lakh units, to the locals, and then 24.71% shares, or 8.40 lakh units, to the general public. The promoters own a total of 22.20 lakh units or 65.29% of the company’s shares. NMB Capital Ltd is the IPO’s issue manager of this company. After this IPO, the company’s total capital would rise to Rs 34 crore.
Shuvam Power Ltd.
A total of 5.80 crores rupees worth of 5,80,580 units of IPO shares would be issued by Shuvam Power Ltd. 580,580 shares, or 29.029% of the total 20 lakh unit shares, would be distributed to the general public. For the IPO issuance, Muktinath Capital has been chosen as the issue manager.
Previously, between the 20th Jestha and the 24th Ashad of 2075, the business offered 2 lakh unit IPO shares worth Rs 2 crore to the Sankhuwasabha district residents who were impacted by the project. But at that time, just 19,420 units were subscribed. Therefore, the remaining unsubscribed shares, totaling 1,80,580 units, were added to the 4 lakh public shares to create the current amount of 5,80,580 units. The promoter-public share ratio would be 70:30 following the IPO, and the company’s total capital will rise to Rs 20 crore.
Since the first of Shrawan in 2068, the firm has been running the Piluwa Khola Hydropower Project in the Sankhuwasabha District.
Maya Khola Hydropower Company Limited
As of right now, 34 lakh IPO shares for a total value of Rs. 34 crores should issue through Maya Khola Hydropower Company Ltd. The hydropower company can first distribute 10% of the shares, or 10 lakh units, to the residents of the project’s impacted region, and 24%, or 24 lakh units, to the general public. It will be 66:34 in favor of the public. As the issue manager for the initial public offering, Prabhu Capital is select. Following the IPO, the company’s total capital would rise to Rs 1 Arba.
Founded in May 2010 and transformed into a public limited company in December 2016, Maya Khola Hydropower Company Limited (MKHCL) is building the 14.9 MW Maya Khola HEP in Nepal’s Sankhuwasabha district, Province No. 1.
The project will be financed at a 70:30 D: E ratio at a current estimated cost of NPR 2,667 million. The project is a run-of-the-river (R-o-R) type, and there is a 40% chance that it will surpass the objective (Q40). Maya Khola Hydropower Company Limited has been given the issuer rating of [ICRANP-IR] BB- by ICRA Nepal (pronounced ICRA NP issuer rating double B minus) (MKHCL). This grade is assigned to issuers that are thought to have a low probability of timely financial commitment default.
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